Forex

Dollar Hits Two-Month High Amid Oil Price Volatility and Treasury Yield Surge

Guavy AI Editorial Team Published September 29, 2026

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EUR USD

The US dollar has reached a two-month high on Tuesday due to fluctuations in oil prices and an increase in Treasury yields.

Gains were limited, however, as market participants waited for upcoming US data to gauge the Federal Reserve's interest rate path.

The euro was near its weakest point in three months at $1.1367 after European Central Bank chief hinted at a gradual approach to controlling inflation.

The Wire

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